Before we get worried about recessions or market crashes, let's put a 10% drop in context. Going back to 1980, the S&P 500 has fallen 10% or more in roughly half of all calendar years, and a correction of that size has historically shown up about once every 12 to 18 months.
What makes a 10% decline packed into a single month unusual isn't the size of the drop, it's the speed: that kind of compressed move tends to show up during sudden shocks rather than the slower grind most corrections take. Even so, it's happened before, and the market has recovered every time.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
My goal here isn't to predict whether October brings one. It's to point to three consumer businesses whose underlying demand doesn't particularly care what the stock market does that month.
Procter & Gamble (NYSE: PG) makes Tide, Pampers, Crest, and Gillette. These products are the kind of household basics people buy again almost automatically, recession or not. That steadiness shows up in the numbers. P&G generated more than $87 billion in revenue in its 2026 fiscal year and returned over $15 billion to shareholders through dividends and buybacks.

#market #flashing #every #month

Correction: An earlier version of this story mistakenly said the emergency court hearing request was granted by a judge.
An Oct. 2 emergency court filing seeks to preserve all evidence related to Tennessee's failed execution of Christa Pike, arguing the state botched the lethal injection procedure.
A judge was considering the request shortly after it was filed. While an unsigned document for the hearing was filed in the court system, no date or time was immediately listed.
Pike was set to be executed by the Tennessee Department of Correction on Sept. 30, but survived two doses of pentobarbital. The document, filed in Davidson County Chancery Court on Oct. 2, revealed more details about Pike's condition. It said she is intubated, on a ventilator and unconscious, and that both her arms were swollen, burned and blistered. As of the night of Oct. 1, Pike was still in critical condition at a Nashville-area hospital, the motion said.
"Hospital staff are working to save Ms. Pike's life and to clear the pentobarbital from her system," the Oct. 2 motion stated.

#pike #correction #hospital #hearing

With the amount of information available on the internet, it can sometimes be difficult to keep up. Nya (nyaajadee) faced a similar problem when she helped her boyfriend purchase a thrifted shirt for work and later learned that the brand that made the shirt, Sean John, was owned by none other than rapper Sean "Diddy" Combs.
For those wondering why Combs' ****** ociation with the brand is controversial, he is currently incarcerated at the Fort Dix Federal Correctional Institution. He is serving a 50-month prison sentence following a criminal conviction in October 2025 for transporting individuals across state lines for prostitution.
So how did Nya learn about the shirt's controversial nature? In a TikTok video, she said that when her boyfriend wore it to the restaurant bar where he works, his colleagues started to laugh at him. "They were like, ****** , dude, a Sean John shirt? Like, you're kind of crazy," Nya said, recounting what his co-workers told him. Nya also shared that her boyfriend repeatedly asked them questions, as he was unaware of what was happening before finally realizing that Sean John was Diddy's clothing brand.
Nya said that after some back and forth, her boyfriend eventually realized that Sean John was Diddy's clothing brand. "We didn't know it was f****** Diddy. I didn't. I knew Diddy. I thought Diddy had pants. Just pants. I knew Diddy had pants. I didn't know he had shirts, too. But also, I didn't know that his clothing company was called Sean John," Nya said. She added, "So I helped my boyfriend pick out a Diddy shirt. What did Sean John do? What did Sean John not do?"
Turns out some people in the comments were as unaware as Nya about Diddy's clothing brand, despite knowing about his criminal conduct. One person wrote, "I didn't even know he made clothes." Another individual reacted similarly and said, "I guess I'm one millennial that was left out the loop lol because I didn't actually know his name other then his stage name, also did not know he had a clothing line."

#didn 't #clothing

Kylie Kelce issued a "royal correction" on this week's installment of her "Not Gonna Lie" podcast.
Kelce explained that she didn't mean to be rude in how she referred to Kate Middleton on a recent episode of the podcast — but now she's up to speed on how to address members of the British royal family.
More from Variety
Tom Cruise Welcomes Prince William and Kate Middleton at 'Digger' World Premiere in London: 'We Love Them and Really Appreciate What They Do for the Arts'
Prince William and Kate Middleton Attend BAFTA Film Awards Amid Royal Family Drama

#prince #family

Disgraced music mogul Sean "Diddy" Combs isn't exactly living a bare-bones life in prison, according to a report from NBC News published Tuesday.
The rapper has allegedly set up a cushy lifestyle inside New Jersey's Fort Dix correctional institution, where he has fellow inmates catering to his basic needs and is said to have access to contraband liquor and a cellphone.
Culture: Sean 'Diddy' Combs Sentenced To 4 Years In Prison For Prostitution Charge
"This is not some normal **** you see in jail," a man who lived in the same unit as Combs at the low-security prison told NBC News. "This is some rich ****. It looks crazy, but again, it's Diddy."
The Bad Boy Records boss, who is serving a 50-month sentence for prostitution-related offenses, reportedly pays men to cook for him, make his bed and do his laundry, in addition to someone who gives him what NBC described as "Chinese-style massages."

#diddy #sean #sentenced

Rick Ross was arrested in Miami Beach on Thursday on two domestic violence-related battery charges stemming from an alleged incident at his home in August. The rapper, whose legal name is William Roberts II, faces one felony count of battery by strangulation and one misdemeanor battery charge.
Ross voluntarily surrendered to Miami Beach police and was booked into the Turner Guilford Knight Correctional Center shortly after 6 a.m. on October 1. CBS12 reported from Miami-Dade court records that Ross and attorney Bradley ****** nstein filed a written plea of not guilty and demanded a jury trial.
Ross later bonded out and denied the allegations while speaking to reporters outside the jail. "I'm totally innocent of these fabricated allegations made against me," he said, according to WSVN 7News. His legal team has likewise said he is being wrongfully accused and asked that the case be allowed to proceed without prejudgment.
The arrest report describes an alleged August 28 confrontation involving a woman who said she had been in a relationship with Ross and living with him. The allegations have not been adjudicated, and Ross is presumed innocent unless proven guilty in court.
According to the arrest affidavit reviewed by CBS12, the woman went to Miami Beach police on September 29 to report an incident she said had occurred about a month earlier. She told investigators that Ross became angry after seeing an Instagram photograph in which she had been tagged and questioned her about another person.

#beach #august #according #alleged

Rick Ross (born William Roberts) was arrested in Miami Beach on Thursday morning (Oct. 1) on a pair of battery charges, including battery by strangulation charge, according to Miami-Dade County jail records.
Rozay's record shows both counts are domestic violence-related charges, and the rapper was given a $5,000 bond. Ross was booked into the Turner Guilford Knight Correctional Center at 6:10 a.m. ET on Thursday.
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Rick Ross Plots Port of Miami 20th Anniversary Orchestra Tour: See the Dates

#Miami #battery #william #dade

Rick Ross was arrested Thursday morning in Miami Beach on domestic violence charges including a felony count of battery by strangulation.
The rapper, born William Roberts II, voluntarily surrendered to Miami Beach Police headquarters, and was soon after booked into the Turner Guilford Knight Correctional Center, the Sun Sentinel reports. Ross was charged with one felony count of battery by strangulation and one misdemeanor count of battery. His bond was set at $6,000.
More from Rolling Stone
French Montana, Max B, and Rick Ross Perform at BET Awards 2026
Rick Ross on New Book, NA Spirits, and Exercising With a Joint and Luc Belaire

#battery #Miami #felony #strangulation

Rick Ross has been arrested in Miami on two counts of felony battery, including one by strangulation, which allegedly involve domestic violence.
The "Hustlin'" rapper, 50, was arrested around 6 a.m. Thursday, Oct. 1, on one charge of felony battery by strangulation and one charge of battery, both characterized as involving domestic violence, according to Miami-Dade County jail records viewed by USA TODAY. A bond hearing has been set for Oct. 1, according to county court records, and a stay-away order was entered as a pretrial condition.
Ross, born William Leonard Roberts II, is being held in Turner Guilford Knight Correctional Center and is set to be arraigned on Oct. 22.
USA TODAY has reached out to Ross' attorney and the arresting agency, Miami Beach Police Department, for more information.

#county #strangulation

Rick Ross has been arrested on domestic violence charges in Florida.
The rapper was arrested by Miami Beach police in the early hours of Thursday on domestic violence charges, including felony battery by strangulation, according to Miami-Dade jail and court records.
The 50-year-old, whose legal name is William Leonard Roberts, was booked into the Turner Guilford Knight Correctional Center at 6.10am.
He faces two charges listed as involving domestic violence, including one felony count of battery by strangulation and one misdemeanour count of battery.
The Grammy nominee reportedly turned himself in to police on Thursday after an ex-girlfriend alerted them on Tuesday, claiming he had been violent with her on 28 August.
The woman reportedly told police that Ross allegedly woke her up while she was sleeping and was physical with her while in a "jealous rage" over a photo she was tagged in on social media, according to TMZ.

#domestic #police #battery #Miami

A woman who reported to the police that Rick Ross allegedly committed domestic violence against her is revealed to be the rapper's former girlfriend by TMZ, just a few hours after Ross himself surrendered on the domestic violence allegations.
Rick Ross, whose real name is William Leonard Roberts II and who is 50 years old, turned himself in to Miami Beach police early Thursday morning. According to the documents provided by the county jail and court, Ross has been charged with felony battery by strangulation and misdemeanor battery related to domestic violence and booked into the Turner Guilford Knight Correctional Center at 6:10 a.m. He has posted a $6,000 bond for his release: $5,000 for the felony and $1,000 for the misdemeanor.
The sources in law enforcement, cited by TMZ, claimed that the woman contacted the police on Tuesday, roughly a month after the alleged **** ault. The website has not disclosed the complainant's identity, and authorities have not yet released the arrest affidavit.
As TMZ reports, the woman said that the alleged **** ault took place on August 28th, when Ross woke her up over a photo she had been tagged in on social media.
According to the woman, Ross demanded explanations from her about lying to him, slapped her in the face, and accused her of having affairs with other men. She told the police that he hit her every time she denied it. Moreover, the woman claimed that Ross struck her in the chest several times, choked her till she could not breathe, yanked her ponytail, and pushed her against the wall. Then she showed the photos of the injuries to the police, according to TMZ.

#ross #woman #domestic

On September 17, B. Riley initiated coverage of Nokia Oyj (NYSE:NOK), giving the stock a Buy rating and setting the price target at $15. The firm pointed to the company's position in telecom infrastructure, cloud software, and hardware networking solutions.
Riley noted that the company's networking businesses are seeing strong growth. In Q2 2026, Optical Networks revenue increased 20% year-over-year, while IP Networks grew 16%. Net sales to AI and cloud customers also surged 105%. The research firm noted that hyperscalers continue to purchase Nokia Oyj's (NYSE:NOK) AI networking products to support large-scale computing clusters.
The company's AI and cloud opportunity is also reflected in its order book. Nokia Oyj (NYSE:NOK) reported EUR 2.8 billion in AI and cloud order intake during the second quarter of 2026. B. Riley pointed out that this provides revenue visibility into 2027. The firm also noted that the carrier inventory correction cycle that had weighed on global capital expenditures has now concluded.
Riley derived its $15 price target using a sum-of-the-parts valuation that separates the company's legacy ****** ets from its data center business. The firm applied a premium hardware multiple to the data center segment, reflecting its view of the potential operating leverage in that business.
Profitability Remains a Concern

#riley #NYSE #firm

Margin debt hit $1.45 trillion in August, up 140% since 2022 and outpacing the S&P 500's 98% gain, which leaves the market carrying far more forced-selling risk.
At roughly 4.5% of GDP, margin debt now exceeds the dot-com bubble's peak, meaning a routine correction could cascade into broker-forced liquidations across the market.
The real danger isn't high leverage itself but the simultaneous forced selling that erupts when overleveraged investors all need cash at once.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
The longer-term comparison is even more striking. Since the end of 2022 -- and the start of the current AI-dominated era -- investor borrowing has increased by $847 billion, or 140%, versus a 98% gain for the S&P 500 over the same period. That means leverage has grown faster than the market value investors have accumulated, presumably as they took on debt to buy into the AI boom.

#market #leverage #investors

In July, Microsoft (MSFT) CEO Satya Nadella surprised AI stock investors with an uncomfortable way to think about what they were buying into.
As I wrote for TheStreet in "Microsoft CEO adds fuel to Palantir CEO's AI warning," Nadella argued that companies weren't merely paying for tokens. Moreover, they were feeding outside models the prompts, corrections, and institutional knowledge that eventually make those systems useful for their users.
"You essentially pay for intelligence twice, once with money, and again with something even more valuable," Nadella wrote in his July essay.
Days later, that warning became a central part of Palantir's bull case. Now, two months on, Palantir and Nvidia, two of the biggest names in the AI ******* e, are starting to act on it.
Palantir CEO Alex Karp pushed the argument further, which I covered in "Palantir CEO escalates Microsoft's AI warning."

#palantir #july #wrote

"I am the house now," Treasury Secretary Scott Bessent told traders last week, as he defended the administration's increasingly interventionist approach to the bond market. He added that he had "asymmetric information" about what policymakers would do next and dared investors: "bet against me if you want."
On Wednesday, Federal Reserve chair Kevin Warsh might effectively take the other side of the bet.

It's been a hot American summer. Oil is hot, hovering around $110 a barrel. Bond yields are hot, too: the 10-year Treasury yield has pushed above 5%, around its highest level since 2007. Credit markets are running hot as well: U.S.-dollar debt issuance to finance AI and data-center development reached $308 billion through July. And all that borrowing is competing with U.S. national debt, which crossed $40 trillion less than a month ago. Stocks, despite a rough few days, are still up roughly 11% this year. Inflation, meanwhile, remains above 3%.
Put all that heat together, and the Federal Reserve is staring down a question it hasn't seriously confronted in three years: Is the U.S. economy actually overheating? Markets are betting the Fed thinks the answer is at least "maybe." Traders have priced a quarter-point hike Wednesday with near certainty.
But whether Wednesday amounts to a one-time course correction or the beginning of a new tightening cycle depends on what, exactly, is making the American economy hot. The last time the Fed began raising rates, in March 2022, Jerome Powell's Fed ultimately raised its benchmark rate by 525 basis points over 16 months.
Mohamed El-Erian, Wharton professor of practice and chief economic adviser at Allianz, parsed the current fervor and anxiety into four questions on X Tuesday: whether oil-supply disruptions persist, with China potentially acting as a "swing consumer"; whether Treasury Secretary Scott Bessent intervenes again to influence long-end yields; whether this week's hike proves "one and done" or the beginning of a cycle; and how markets balance AI's enormous promise against its enormous risks.

#secretary #federal #american

The stock market is rarely boring, but 2026 has seemed especially wild, if you ask me. After narrowly avoiding a correction to begin the year, the S&P 500 (SNPINDEX: ^GSPC) is up 20% from its low in March. The Dow Jones Industrial Average (DJINDICES: ^DJI) and the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) both slipped into full correction territory -- meaning a decline of 20% or more -- but are now up 16% and 26%, respectively.
All three stock indexes are just a few percentage points off their all-time highs. That has some investors nervous.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
And now, an important stock market indicator has reached a level we've seen only once before -- during the dot-com bubble.
So what does history have to tell us? What should investors do with that information?

#snpindex

Interested in NVIDIA Corporation? Here are five stocks we like better.
NVIDIA released CUDA-Q Logical, an open-source software layer that links GPUs with quantum processors to solve practical error correction challenges.
Early testing by Fermilab and Sandia National Laboratories shows dramatic efficiency gains, including a seven-fold faster design cycle and reduced physical qubit requirements.
Quantum hardware firms IonQ, Rigetti Computing, and D-Wave Quantum could benefit as standardized software lowers development costs and enables deeper integration with NVIDIA's infrastructure.
Many investors view quantum hardware developers and classical semiconductor leaders as competing forces in high-performance computing. Recent developments demonstrate that the two architectures are becoming deeply interdependent.

#hardware #here

Warning: This post mentions rape, child ******* abuse, child abuse, murder, domestic violence, and gun violence.
Johnny Nunez / WireImage / Via Getty
Jason Armond / Los Angeles Times via Getty Images
Handout / California Department of Corrections via Getty Images
Related: "23 Celebs Who Have Admitted To Using Ozempic Or Other Weight Loss Medication"

#abuse

On September 8, a caller inquired if Trinity Industries, Inc. (NYSE:TRN) is worth looking at after its recent pullback. Mad Money host Jim Cramer replied:
Yes, Railcar, shouldn't be down this much. I like your thinking. You waited for the big hit. Now, it's in a good place. I would pull the trigger.
Trinity Industries, Inc. (NYSE:TRN) has faced a sharp correction, pulling back significantly from its 52-week high of $38.31. Despite this downward pressure, the company's fundamental **** et base remains exceptionally stable. In its second-quarter earnings report, the company posted total revenues of $485 million and diluted earnings per share from continuing operations of $1.25, with earnings benefiting from a $132 million non-cash pre-tax gain tied to the Napier Park railcar partnership transaction.
The leasing and services segment continues to support the business, posting a robust fleet utilization rate of 97.3% and an improved lease renewal success rate of 75%. In addition, the Future Lease Rate Differential improved to +3.5%, showing healthy pricing power on expiring contracts. Management reaffirmed its full-year EPS guidance of $2.20 to $2.40, supported by a solid railcar backlog standing at $1.6 billion.
The primary catalyst for Trinity Industries, Inc.'s (NYSE:TRN) recent sell-off stems from margin compression within the Rail Products manufacturing division. Operating margins in manufacturing faced pressure from an unplanned production interruption at the Longview manufacturing facility and temporary realignment expenses tied to the company's Mexican footprint. These localized execution issues overshadowed a strong quarterly performance in leasing, causing the stock to drift below both its 50-day and 200-day moving average.

#trinity

Rising inflation has dramatically changed expectations for Federal Reserve policy compared with the beginning of 2026.
Materials, metals and energy are showing strength, while financials are responding to changing expectations for interest rates.
Technology has experienced a correction, although early relative momentum signals could be pointing toward a turn.
Historical presidential-cycle data suggests the fourth quarter could prove important for market returns despite September's reputation for volatility.
The Federal Reserve outlook has changed considerably since the beginning of the year, and inflation could determine whether another major shift is coming.

#reserve #beginning #historical

The San Francisco 49ers came out firing on every cylinder to deliver a 27-7 beatdown Down Under of the Los Angeles Rams. From the decision to arrive early to their piling on late scoring, how well did Brock Purdy, Kyle Shanahan and the crew do in upsetting the Super Bowl favorites to start the season?
Offense: A-
The old guys ruled. And that Kaelon Black kid wasn't too shabby. A 30-something (Demarcus Robinson, Mike Evans, Deebo Samuel) accounted for their three TDs and an almost 40-something, Trent Williams, was the best of the bunch, because you and I had as many tackles, QB hits and sacks as Rams' All-Universe pass rusher Myles Garrett. Less happily, De'Zhaun Stribling and Jake Tonges were carted away in the second quarter. George Kittle was a rumor. Yet Brock Purdy didn't notice. Outside of a horrific interception, Purdy was terrific with his arm, legs and swaggy first-down celebrations. Does Christian McCaffrey finally have a caddy? Yes. Rookie Black looked excellent in a real game after resembling a third-round find in the spring and summer.
Defense: A+
Raheem Morris in 2028? The well-respected new defensive coordinator looked like Bill Belichick (the pre-2022 version) while his unit made the reigning NFL MVP Matthew Stafford look ordinary. Sorry, correction: not just ordinary, but awful. Having Nick Bosa, Fred Warner and Dre Greenlaw (combined games played for 49ers in 2025: 9) back together did give Morris some added IQ points. The LB duo turned out the lights on the Rams when Greenlaw held up Tyler Higbee and Warner peanut-punched the ball out. The 49ers didn't have a sack, but they made Stafford unsettled. Osa Odighizuwa had four of their eight QB hits, including a pressure that led to Stafford's INT.

#greenlaw

Below are the stat leaders from across the Houston high school football scene, compiled through MaxPreps and coach submissions. ***** ulative season stats and any updates, corrections or additions can be sent to jpoormanhoustonchronicle.com.
Note: Players whose stats are not updated through the current week are not included.
There's more to Houston with the Chronicle. Subscribe today for just 25¢.
This article originally published at Texas high school football: Houston-area stat leaders after Week 2.

#week #stat #Football

Stewart ***** et Management's flagship portfolio returned 15.97%, net of fees, in the second quarter, and the S&P 500 Index gained 15.20%. YTD, it appreciated 5.37%, net of fees, and the S&P 500 Index gained 10.21%. The letter can be downloaded here. Despite geopolitical uncertainties, share prices surged higher as emerging prospects for a ceasefire in the Middle East restored market composure and investor optimism for continued earnings growth in the second half of the year. Volatility in share prices was noted, particularly tied to industrial trends like AI, with comparisons made to the internet boom and personal computer adoption. Despite concerns about extreme valuations and potential corrections, the conclusion is that strong earnings growth is fundamental to rising share prices, emphasizing the importance of investing in robust businesses. Please check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Stewart ***** et Management highlighted Lumentum Holdings Inc. (NASDAQ:LITE). Lumentum Holdings Inc. (NASDAQ:LITE) is a leading technology company that manufactures and sells optical and photonic products. On September 04, 2026, Lumentum Holdings Inc. (NASDAQ:LITE) closed at $881.26 per share. Over the past month, Lumentum Holdings Inc. (NASDAQ:LITE) gained 13.83%, and its shares are up 519.81% over the past year. Lumentum Holdings Inc. (NASDAQ:LITE) has a market capitalization of $79.05 billion, and its stock has traded within a 52-week range of $144.52 to $1,085.68.
Stewart ***** et Management stated the following regarding Lumentum Holdings Inc. (NASDAQ:LITE) in its Q2 2026 investor letter:
"During the quarter we initiated a small investment in Lumentum Holdings Inc. (NASDAQ:LITE), a leader in optical networking — the hardware that moves data between AI chips, servers, and data centers. We believe AI infrastructure spending is driving an optical upgrade cycle from which Lumentum may benefit. Demand outstrips supply, and customer agreements now extend through 2027 as data centers grow in number and size. Capturing this opportunity requires execution on capacity expansion and continued hyperscaler willingness to invest in AI infrastructure. The primary risks ***** ociated with the company are its concentration of revenue from a small number of customers, product timelines shifting and emerging technologies. However, we believe that the positives noted above outweigh these risks."
Lumentum Holdings Inc. (NASDAQ:LITE) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 111 hedge fund portfolios held Lumentum Holdings Inc. (NASDAQ:LITE) at the end of the second quarter, down from 123 in the previous quarter. While we acknowledge the potential of Lumentum Holdings Inc. (NASDAQ:LITE) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that a

On August 10, Joe Gomes from ***** le Capital reiterated his Outperform rating on CoreCivic Inc. (NYSE:CXW). In the process, the ***** yst increased his target price on the stock from $35 to $42, resulting in a revised upside potential in excess of 24% based on stock's closing price on August 27. This upward adjustment in price target came after an impressive second quarter print above management estimates. Let's explore the underlying drivers of this outperformance, and which additional factors are expected to shape up investor sentiment toward the stock.
Earlier in August, the company reported its second quarter results which exceeded management's expectations. Topline figures were recorded at $684.9 million, up by 27.3% compared to Q2 2025. Adjusted EBITDA of $109.4 million exhibited 5.9% year-on-year growth, while adjusted diluted EPS of $0.38 reflected a 5.6% growth compared to the same period last year. Such expansion in adjusted diluted EPS was supported by lower operating costs and slightly higher ICE populations, while strong federal revenue also contributed to growth. Following the quarter and subsequent facility sales, management raised its full-year 2026 guidance.
During 2026, CoreCivic has been focusing on strengthening its financial position while expanding its footprint as a federal detention operator. The company generated $734 million in gross proceeds from sales of Prairie Correctional Facility and Midwest Regional Reception Center, to the Department of Homeland Security. It expects to continue to operate both facilities under current arrangements, and was also awarded a new ICE contract to operate the 1,600 bed Prairie Correctional Facility till August 2031. The contract award offers potential for $75 million in revenue boost in the future once fully activated, with no material impact expected during 2026.
CoreCivic can benefit from this demand tailwind without the time and capital required to construct entirely new facilities, although activating idle sites still involves staffing and start-up costs. It also strengthens the company's position as a trusted partner for federal detention requirements, and might create potential opportunities for more contracts in the future.
The company has also taken an aggressive approach toward debt reduction and returning capital to shareholders. On August 10, it entered a $500 million accelerated share repurchase agreement, supported by the proceeds from recent facility sales. A portion of those sale proceeds was also utilized for $608.5 million debt repayment, which included early redemption of senior notes that were due in 2027.

#price

Noting that long-held KLA Corporation (NASDAQ:KLAC) shares had pulled back significantly after peaking past $300 in June, a caller on the September 1 episode of Mad Money asked if it is a buy, hold, or sell. In response, Jim Cramer said:
I think it's a great company. It is up 40% for the year. Its price-to-earnings multiple is still too high. It does great intellectual property. I think if you wanted to buy some here, it's fine. But again, I would not put a lot of it on. Why? Because these are all semiconductor capital equipment companies that I've been talking about this evening. They're extremely volatile. You can buy a quarter… and then you have to wait no more than that because we have to see what happens. I don't want you to put on too much money at one level in a stock this volatile.
KLA Corporation (NASDAQ:KLAC) has built an extraordinary business by dominating the semiconductor process control and inspection market. Advanced-node, high-bandwidth-memory and complex logic manufacturing increasingly requires sophisticated inspection and metrology tools, an area where KLA holds a leading position. The deep competitive moat and exceptional intellectual property make it an important player in the semiconductor supply chain. For long-term investors, this technical leadership provides a solid foundation that exceeds routine industry ups and downs.
Even with top-tier technology, KLA Corporation's (NASDAQ:KLAC) sharp climb leaves little room for error. Up nearly 33% year-to-date at the time of writing and trading at a forward multiple of 31.65x, the valuation shows a heavy dose of optimism. Semiconductor capital equipment stocks are notoriously cyclical and ******* e to sharp price swings, meaning that a pullback from recent highs can quickly turn into a deeper correction if market sentiment shifts or fab spending slows down.
Wall Street's major players keep a close watch on KLA Corporation (NASDAQ:KLAC) as a reliable gauge of overall semiconductor capital spending. According to Insider Monkey's database tracking elite hedge funds, 81 funds held a position in the stock during the second quarter, up from 71 in the previous quarter, showing clear institutional interest. Arrowstreet Capital remained the company's top shareholder in the second quarter, despite reducing its position by 41% to 4.7 million shares. At the same time, short interest sits at just 2.16% of the float, indicating that professional bears are largely keeping their distance despite the company's high price tag.

#NASDAQ #klac #quarter

Technip Energies (THNPY) stock has declined by 22.5% in the last 52 weeks, with the Middle East conflict a key negative catalyst. As a result of this correction, Technip stock trades at an attractive forward price-earnings ratio of 18.
While geopolitical tensions in the Middle East persist, there are emerging catalysts for Technip. It was recently reported that Technip is a contender for a potential $10 billion rocket fuel deal with **** eX (SPCX). With the first Starship launch targeted for 2029, Elon Musk has been pushing for rapid construction, and a potential deal for Technip would imply healthy revenue growth over the next 36 months. It's therefore not surprising that this news translated into a sharp rally for THNPY stock.
Fears of an Extended US-Iran Conflict Boost Crude Oil Prices
Nat-Gas Prices Rise on Hotter US Weather and Expectations of Smaller Storage
Crude Oil Prices Supported by Escalation of US-Iran Hostilities

#prices #Iran #conflict

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A housing market crash happens when home values plummet due to a lack of demand for or an oversupply of homes. The factors leading to a housing market crash are varied, ranging from economic recessions to high mortgage rates that make it less affordable to buy a home. A housing crash can have upsides (low home prices) and downsides (losing built-up equity and tighter finances).

So, what's ahead for the housing market in 2026?
Read more: Want to buy a house in 2026? Here's what you need to know.
Despite 58% of Gen Z wanting a housing market crash, according to Clever, experts don't foresee one in 2026. If anything, they see a greater sense of normalcy following multiple years of twists and turns.
"We're not heading toward a housing crash; we're in a market correction defined by stability, not volatility," Hoby Hanna, CEO of Howard Hanna Real Estate Services, said via email. "Today's housing environment is fundamentally different from 2008. Homeowners have record levels of equity, lending standards are sound, and inventory remains constrained. What we're seeing now is a normalization, not a collapse, as the market adjusts to new economic realities. For buyers and sellers, this is a market filled with opportunity and resilience, not instability or uncertainty."

#we 're #hanna #Equity #disclosure

Amazon (AMZN) shares are in a late summer funk, and it's getting uglier by the trading day.
Shares of the tech beast have now entered a technical correction after tanking about 11% from August's all-time high. With the 2% decline on Tuesday, the stock finished the sessions below its key 100-day moving average per Yahoo Finance AlphaSpace data.
The stock has under-performed the S&P 500 this year, rising 10% compared to a 12% advance for the benchmark index.
Two factors may be in play driving the pullback in Amazon.
For starters, on Tuesday the Federal Trade Commission (FTC) and 22 states filed a suit alleging Amazon's advertising practices overcharged its roughly 1.2 million advertisers by $20 billion plus from 2019 to the present.

#tuesday #Stock #finance

Caitlin Clark record mistake reveals how impossible her rookie standard remains originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Minnesota Lynx guard Olivia Miles is producing one of the best rookie seasons in WNBA history. Even that was not enough to break one of Caitlin Clark's most impressive first-year records. That distinction became important after ******* yst Zena Keita mistakenly said on The Athletic's "No Offseason" podcast that Miles had set the WNBA rookie ******* ists record.
Clark still owns it.
The Indiana Fever guard finished her 2024 rookie season with 337 ******* ists. Miles had broken Minnesota's franchise record for ******* ists by a rookie, not the league-wide mark. After Clark supporters criticized the error, Keita clarified her comments on X and said she had misspoken after recording multiple podcasts. She later apologized for sharing the incorrect statistic and acknowledged that it should have been caught before the episode was published.
The correction should not diminish Miles' season. It should underscore how absurdly high Clark set the bar.

#miles #guard

Key Takeaways
Ali Charts believes XRP has broken above a descending resistance line on its one-hour chart, putting the previous $1.70 high back in view.
US spot XRP ETFs attracted $110.49 million during the week ending Aug. 28, their strongest weekly inflow of 2026.
XRP remains around 7% lower over the past week, with CoinMarketCap warning that a loss of the $1.35 support could deepen the correction.
XRP price may be preparing to revisit $1.70 after breaking through a short-term resistance line, according to crypto ***** yst Ali Charts.

#believes